Statistics on Business Continuity
Here are some facts that show the importance of Crisis Management / Business Continuity Planning.
There were 930 companies operating from the World Trade Centre towers when the September 11 attacks took place.
18 months later, 550 of them had gone out of Business. Post the WTC attacks, they were not able to deliver on their commitments to their stakeholders.
In fact, approximately 40% of all businesses that experience a disaster never re–open; and almost 30% of those that do re-open end up closing within 2 years.
43% of companies that have suffered a significant disaster typically take about 2 months or longer to recover fully from the event.